Will Ethena bounce from the $0.12748 support level or slide to a lower support level? This Ethena price prediction begins with ENA trading far under its late-October highs, with sellers still
Will Ethena bounce from the $0.12748 support level or slide to a lower support level?
This Ethena price prediction begins with ENA trading far under its late-October highs, with sellers still in control. Traders trackingEthena key levels have seen every rebound fail lower than the last. The next move hangs on one support level and one moving average.
PerCoinGecko market data, ENA trades at $0.13021 after a 20.9% drop over seven days.
Metric
Value
Price
$0.13021
7-day change
-20.9%
24h range
$0.1285 to $0.1423
Market cap
$1.757B
Market cap rank
46th
FDV
$1.953B
Total value locked
$4.909B
Perpetual futures open interest (24h)
$311.823M
Circulating supply
13.5B ENA
Total supply
15B ENA
Source: CoinGecko, data captured Nov 14, 2026, 06:04 UTC
Fully diluted valuation is the token's value if every one of its 15B tokens were already circulating.
With 90% of the max supply circulating, future dilution looks limited. But 24h volume equals 20.3% of market cap.
Holder analytics for ENA show a heavily top-weighted supply. TheEtherscan token page lists the contract. The top 100 holders control 88.63% of supply.
Source: Etherscan, ENA holders overview, captured Nov 14, 2026, 06:04 UTC
The top 5 hold 35.75%, and the top 10 hold 59.16%. Ethena whale wallets, the largest holders by balance, have 468 addresses. They own 97.14% of market cap.
A few large exchange transfers could add sell orders fast.
Longs took the hit. A liquidation is a forced exit when an exchange shuts a borrowed-money trade after losses eat its margin.
CoinGlass liquidation data shows longs took 93.5% of the 24h total.
Window
Total
Longs
Shorts
1h
$7.13K
$0.00
$7.13K
4h
$1.82M
$1.81M
$8.75K
12h
$2.03M
$2.01M
$13.39K
24h
$2.60M
$2.43M
$171.51K
Source: CoinGlass, ENA liquidations, data captured Nov 14, 2026, 06:04 UTC
Most of the damage landed within 4 hours. The latest hour was quiet. Forced long sellers add supply into a falling market, and a fresh push would need new sellers.
Open interest is the total value of futures contracts still open and unsettled. PerCoinGlass futures data, ENA open interest totals $336.74M.
Source: CoinGlass, ENA futures open interest, captured Nov 14, 2026, 06:04 UTC
Binance holds $70.21M of it, and Gate holds $55.59M. Every listed exchange shows a decline.
Falling open interest during a drop means traders are exiting positions, not adding new ones. With it down at every exchange, is that fresh selling
Total futures volume reads $499.70M over 24 hours.
Source: CoinGlass, ENA futures volume, captured Nov 14, 2026, 06:04 UTC
Binance traded $214.95M of that, and Bybit traded $75.66M and up 21.1%.
Source: TradingView (OKX), $ENA/USDT 4H chart with EMA 50 and RSI 14, captured Nov 14, 2026, 06:04 UTC
The OKX 4H chart for $ENA/USDT on TradingView frames this Ethena price prediction. A late-October drop pushed ENA away from the $0.21295 resistance level before sellers took control.
ENA first traded sideways under the $0.21295 resistance level, a price where sellers have held. It then broke down through the 50 EMA, an exponential moving average of the last 50 candles.
A bounce toward the $0.19451 resistance level got rejected. Later rebounds stalled at the $0.16935 previous support level, now resistance level and again at the EMA.
Traders mapping the month can pair this chart with theEthena November forecast, though every rebound here failed at a lower level than the last.
The latest rebound pushed past the $0.14630 resistance level, then failed at the upper trendline of a falling wedge, two down-sloping trendlines that narrow together.
Right now, $ENA hovers just above the $0.12748 support level and well under both the $0.14630 resistance level and the 50 EMA level.
The $ENA 50 EMA sits at $0.15051. ENA's $0.13021 price trades 13.6% below it, and the latest candle trades below the line too. So a real recovery needs candles trading above it and the $0.14630 resistance level.
The ENA RSI reads 27.75 on the 14-period setting. Under 50 means sellers hold the edge. Under 30 means selling has gone too far and a bounce is possible.
Level
Type
$0.21295
Resistance level
$0.19451
Resistance level
$0.16935
Resistance level
$0.15051
50 EMA
$0.14630
Resistance level
$0.12748
Support level
$0.11265
Support level
The nearest support levels and resistance levels are $0.12748 and $0.14630.
Scenario
Trigger
Target
Invalidation
Bull
Daily candle trades above $0.14630
$0.16935, then $0.19451
Falls back below $0.14630
Base
Price stays between $0.12748 and $0.14630
Sideways trade inside that range
Daily candle breaks either level.
Bear
Daily candle trades below $0.12748
$0.11265
Daily candle trades above $0.14630
This Ethena price prediction carries two risks. A daily candle below $0.12748 would end the wedge bounce case.
According to CoinGabbar analysis, the bearish side holds the stronger case in this Ethena price prediction. Long liquidations made up 93.5% of the 24h total, and open interest fell on every listed exchange.
The bounce case looks easy to argue on RSI alone. A reading of 27.75 only marks stretched selling, and the EMA still sits 15.7% above.
Traders should track whether the daily candle trades below the $0.12748 level, because a break there means the falling wedge has failed.
Disclaimer: This article is for information only and isn't financial advice. Traders should do their own research and risk only what they can afford to lose.
